Life Science Leasing Activity Tops Record in NYC

Despite pullback in VC funds in H2 2022, total exceeds banner year in 2021.

Life science leasing activity in New York City reached new heights in 2022, despite a noticeable drop-off in venture capital in the second half of the year.

Leasing activity totaled 455K SF, a 5% increase over the total in 2021, with average rents reaching a record high of $108.47 triple-net per SF, according to a new market report from CBRE.

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Jack Rogers

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